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i do not believe that president obama wants to cut spending. do you think he does? >> yeah, i do. i don't think he wants to cut it enough and won't go as far as i want him to go, but, you know, he's laid out $375 billion worth of cuts in things like medicare that are at least a good start. >> but with all due respect, $375 billion in cuts, that's over ten years, right? every month we spend $100 billion more than we bring in. $375 billion over ten years when you're spending 100 billion more per month than you should is pitiful. >> michelle, that's why our commission proposed to cut spending by $3 trillion over a ten-year period. i get it, believe me. you know, we've got to have at least that amount of cuts if we're going to put our fiscal house in order. >> what's it going to take for the president to get it, do you think? >> well, i think it's going to take some more pushing on the part of people like me and the business community and just plain folks who are going to one day wake up and force these members of congress and the administration to understand that we've got to face up
i do not believe that president obama wants to cut spending. do you think he does? >> yeah, i do. i don't think he wants to cut it enough and won't go as far as i want him to go, but, you know, he's laid out $375 billion worth of cuts in things like medicare that are at least a good start. >> but with all due respect, $375 billion in cuts, that's over ten years, right? every month we spend $100 billion more than we bring in. $375 billion over ten years when you're spending 100...
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. >> caller: i'm in the defense sector raytheon with the extension of obama and the defense sector. what's the play on the defense sector? >> cheap, cheap, cheap stock, even up here. i like raytheon. i like lockheed martin even better. these companies are made of teflon. even with military sequestration they do well. i like it, but not as much as united tech. don't give up on the dow. the dog days, they could be over at least versus the other indices. it may have lagged the averages in 2012 but i expect it to be a comeback year in 2013. be ready for a little washington instability and then -- >> all aboard! >> "mad money" will be right back. >> coming up, export economy? the u.s. has become one of the world's largest energy producers, but while natural gas production has increased, it's been largely ignored as a domestic fuel. but could exporting it help fill up your tank? cramer talks with cheniere energy's ceo next. and later, smooth operator? spam maker hormel foods put another consumer brand on its plate today after it forked over $74 million to buy skippy peanut butter. could t
. >> caller: i'm in the defense sector raytheon with the extension of obama and the defense sector. what's the play on the defense sector? >> cheap, cheap, cheap stock, even up here. i like raytheon. i like lockheed martin even better. these companies are made of teflon. even with military sequestration they do well. i like it, but not as much as united tech. don't give up on the dow. the dog days, they could be over at least versus the other indices. it may have lagged the averages...
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Jan 11, 2013
01/13
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obama to his credit, the first line of obama's legacy is already written. he is the president who brought universal health care to america. i would argue the big job in the second term -- >> he came for it. >> -- and making it work, so that it doesn't seem to be this unaffordable disastrous. the form of the system that works. he's got his work cut out for him. make health care reform work. >> i would remiss if i didn't put a quick comment. we had bill richardson on, the former new mexico governor, and he said of his trip to north korea, the north koreans are mad at us, do you think it's a good idea? do you think it will eventually lay groundwork to bigger and better things or is it sort of a fool's erand? >> it's a very good idea. the north koreans are mad at us, we're mad at them, too. but at the end of the day, contact, conversation, dialogue, is always good. it's not an endorsement of the north korean regime. nobody thinks that bill richardson thinks north korea is a good place to live. it's just a recognition of the reality. we've got problems with thes
obama to his credit, the first line of obama's legacy is already written. he is the president who brought universal health care to america. i would argue the big job in the second term -- >> he came for it. >> -- and making it work, so that it doesn't seem to be this unaffordable disastrous. the form of the system that works. he's got his work cut out for him. make health care reform work. >> i would remiss if i didn't put a quick comment. we had bill richardson on, the former...
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Jan 10, 2013
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president obama tapping his white house chief of staff to be the next treasury secretary. the nomination of jack lew is expected to be announced this afternoon. lew is considered a budget expert. he's had two stints as director of the office of management and budget. >>> afghanistan's president, hamid karzai, will receive full military honors when he visits the pentagon this morning for a meeting with defense secretary leon panetta. he is expected they will -- or it's expected that they will discuss the american troop situation in afghanistan after the nato combat mission officially ends next year. tomorrow karzai meets with president obama. >>> all right, so it won't take long to cover the entire list of new inductees to baseball's hall of fame because there are none. one of the big reasons, of course, the steroid era. baseball writers voted to keep roger clemens, barry bonds and sammy sosa out of the hall of fame for now. i think the biggest injustice was to craig biggio. he came the closest. i think next year he'll get in. >>> check out this fan during last night's coll
president obama tapping his white house chief of staff to be the next treasury secretary. the nomination of jack lew is expected to be announced this afternoon. lew is considered a budget expert. he's had two stints as director of the office of management and budget. >>> afghanistan's president, hamid karzai, will receive full military honors when he visits the pentagon this morning for a meeting with defense secretary leon panetta. he is expected they will -- or it's expected that...
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Jan 9, 2013
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first president obama making another cabinet pick. the president will nominate white house chief of staff jack lew to replace timothy geithner as treasury secretary. tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut the 1997 balanced budget deal. so the white house sees him as someone with a lot of experience, ready to take on some of the big challenges over the treasury department as we are facing the so-called mini cliffs, the big one, the debt ceiling, something he will have to deal with right away. >> when is the formal announcement of the nomination expected and another partisan fight down the
first president obama making another cabinet pick. the president will nominate white house chief of staff jack lew to replace timothy geithner as treasury secretary. tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing...
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Jan 7, 2013
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president obama's nomination of former republican senator chuck hagel for defense secretary. administration officials say the president will make it official in about two hours and our special coverage here on cnn will begin at 12:30 eastern time. as we mentioned, chuck hagel faced some sharp criticism from fellow republicans as well as democrats over what they say are his anti-israeli positions and also for being soft on iran. those are their accusations. rabbi ariah israeli -- i hope i pronoun pronounced that right. it's a tricky name. did i get your name right? >> almost. >> okay. all right. give me another shot at it. this is a tricky one. maybe you give it to me with the accurate pronunciation. >> it's ariah israel. >> that was easy. give me for your sense after knowing chuck hagel more than 20 years. visited your congregation. give me your personal perspectives on the senator. >> i'm looking forward to the nomination. i have known him, i met him actually a few months before he was elected as senator from the state of nebraska. and in all our conversations, i was always
president obama's nomination of former republican senator chuck hagel for defense secretary. administration officials say the president will make it official in about two hours and our special coverage here on cnn will begin at 12:30 eastern time. as we mentioned, chuck hagel faced some sharp criticism from fellow republicans as well as democrats over what they say are his anti-israeli positions and also for being soft on iran. those are their accusations. rabbi ariah israeli -- i hope i...
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this was just prior to a visit by president barack obama. also implicated were three dea agents and about 13 u.s. secret service agents, most of whom resigned or retired. now, prostitution is legal in colombia and ultimately the investigation found there was no security risk to president obama himself, but it humiliated the very proud secret service and some of the other government workers, obviously, who have been caught up in this scandal. randi? victor? >> chris lawrence, thank you very much. >>> crime is the hot topic in washington right now. gun crime. >> gun crime and gun control. we may be just days away from the white house weighing in. we'll take a look at the possible recommendations and some of the reactions as we go in focus. [ male announcer ] count the number of buttons in your car. now count the number of buttons on your tablet. isn't it time the automobile advanced? introducing cue in the all-new cadillac xts. the simplicity of a tablet has come to your car. ♪ the all-new cadillac xts has arrived. and it's bringing the futu
this was just prior to a visit by president barack obama. also implicated were three dea agents and about 13 u.s. secret service agents, most of whom resigned or retired. now, prostitution is legal in colombia and ultimately the investigation found there was no security risk to president obama himself, but it humiliated the very proud secret service and some of the other government workers, obviously, who have been caught up in this scandal. randi? victor? >> chris lawrence, thank you...
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i don't see president obama doing very much. we had another incident at aurora, colorado where he did nothing. mitt romney did nothing. it's a ridiculous argument. how can we possibly have assault weapons and frankly why do we need guns? we don't need guns. we have 10,000 murders a year. as you tried to tell that big fat idiot last night, how many murders by gun were there in england? what, 33? >> yeah. >> it's pathetic, but i don't see any change. >> gloria, it's a debate that is very hard to have without people getting very angry and very exercised. how do we try and move forward to a point of some consensus, where the gun lobby are persuaded that these ar-15 type military-type machine guns is what they really are are actually not part of this debate in any safe way? >> well, i think, piers, that it begins with a discussion in the court of public opinion. and i want to commend you for standing up to what i think was bullying, big-time, last night by alex jones. if politicians had a spine the way you had last night and stood up
i don't see president obama doing very much. we had another incident at aurora, colorado where he did nothing. mitt romney did nothing. it's a ridiculous argument. how can we possibly have assault weapons and frankly why do we need guns? we don't need guns. we have 10,000 murders a year. as you tried to tell that big fat idiot last night, how many murders by gun were there in england? what, 33? >> yeah. >> it's pathetic, but i don't see any change. >> gloria, it's a debate...
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jim, a majority of both houses of congress supported obama care. the administration spent years working to make it a reality. how is it possible that this was a surprise to the people who introduced the bill and the people who voted for it? >> well, anderson, i have to tell you, i talked to a number of congressional sources, sources over at the white house, advocacy groups. and i would have to say, some of them did know about this before it was passed but they say it came very late in the game. and here's the situation with the passage of the health care law. essentially, any part of this bill, had it been pulled out in the last stages of the legislative process, could have brought the whole thing down. so whether it was this gun control part, if that had been pulled out, i've been told by a couple of democratic sources, you know, some moderate democratic senators could have walked away from this bill at the last second. so they were just very, very afraid that any provision, had it been yanked out at the last second, could have brought the whole t
jim, a majority of both houses of congress supported obama care. the administration spent years working to make it a reality. how is it possible that this was a surprise to the people who introduced the bill and the people who voted for it? >> well, anderson, i have to tell you, i talked to a number of congressional sources, sources over at the white house, advocacy groups. and i would have to say, some of them did know about this before it was passed but they say it came very late in the...
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after newtown, president obama asked vice president biden to come up with concrete steps to curb gun violence and said, quote, no later than january. so right now in the eisenhower executive office building, which is right next door to the white house, joe biden is sitting down with gun violence victims and gun safety groups. and our dan lothian is watching all of this closely. this all seems to be unfolding fairly quickly, certainly by washington standards. so do we know at this point where the joe biden group is heading in terms of policy, or is it an open book? >> reporter: well, you know, to some extent, it is an open book. and you are correct in that this is moving very quickly, and the president had pointed out early on that when he formed this group and had the vice president lead it, that he wanted to get some policy proposals by the end of this month. so that's the reason that you're seeing this move very quickly. but some of the things that the white house has been talking about are universal background checks. that's something that they believe that congress could really p
after newtown, president obama asked vice president biden to come up with concrete steps to curb gun violence and said, quote, no later than january. so right now in the eisenhower executive office building, which is right next door to the white house, joe biden is sitting down with gun violence victims and gun safety groups. and our dan lothian is watching all of this closely. this all seems to be unfolding fairly quickly, certainly by washington standards. so do we know at this point where...
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president obama raring for a fight over his defense secretary nominee. you may say why there a fight? on paper, this guy is pretty incredible. looks like he would be a lock for a job that usually is one with pretty much 100% of the senate voting aye. military experience, check that box. he would be the first enlisted man and first vietnam vet to serve as secretary of defense, he was wounded in combat and he earned two purple hearts. business and management experience, after all, the pentagon is a huge organization. check. hagel cofounded a company called van guard cellular systems which made him a multimillionaire. and knowing how to get things done in washington. check on that. hagel served two terms as a u.s. senator from nebraska and served as deputy administrator of the veterans administration. plus he's a republican nominated by a democrat, so it sounds pretty perfect, right? today, president obama told the nation why he loved chuck hagel. >> in the senate, i came to admire his courage and his judgment, his willingness to speak his mind, even if it
president obama raring for a fight over his defense secretary nominee. you may say why there a fight? on paper, this guy is pretty incredible. looks like he would be a lock for a job that usually is one with pretty much 100% of the senate voting aye. military experience, check that box. he would be the first enlisted man and first vietnam vet to serve as secretary of defense, he was wounded in combat and he earned two purple hearts. business and management experience, after all, the pentagon is...
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the obama administration has been pretty tough on iran behind the scenes. hagel has been consistent himself, saying look, we cannot allow a nuclear iran, war should not be our first choice, and that also is consistent with the president. the president began by thinking perhaps he could negotiate more with ahmadinejad than has proven to be the case. he's evolved on this issue. my guess is chuck hagel as secretary of defense will reflect that evolution. >> there's one other thing i want to ask you each about. this is relevant -- well, we'll ask you whether you think it's relevant in terms of timing. in terms of topic i think this is relevant. the number of sexual assaults in the military each year is about 19,000. it is a serious issue. there are women in the military now and in 1996, when running for senate, the literature from chuck hagel reportedly said quote, i am pro-life with one exception, the life of the mother. now, who knows, people agree and disagree with that. i'm simply curious about democrats are not noticing that, talking about that. >> first,
the obama administration has been pretty tough on iran behind the scenes. hagel has been consistent himself, saying look, we cannot allow a nuclear iran, war should not be our first choice, and that also is consistent with the president. the president began by thinking perhaps he could negotiate more with ahmadinejad than has proven to be the case. he's evolved on this issue. my guess is chuck hagel as secretary of defense will reflect that evolution. >> there's one other thing i want to...
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and president obama's second term. high-level vacancies that need to be filled soon, including the secretary of state post. secretary of defense, secretary of treasury, permanent cia director, all need to be filled. chuck hagel is still a contender for defense, despite criticism from pro israel groups and gay groups over past comments. president obama said as much on "meet the press." this from max cleland. i understand his nomination is back on the table and i believe very strongly he should be defense secretary. >>> also, treasury secretary tim geithner planning to leave later this month, sometime around the inauguration. >>> seven minutes past the hour. with heavy little hearts and under very heavy guard, classes have resumed for students at sandy hook elementary school. hit the books for the first time since the massacre three times. they were held in a school in nearby connecticut made to look like their old school. students were anxious to resume study. >> we took the bus. had the normal routine, getting them bre
and president obama's second term. high-level vacancies that need to be filled soon, including the secretary of state post. secretary of defense, secretary of treasury, permanent cia director, all need to be filled. chuck hagel is still a contender for defense, despite criticism from pro israel groups and gay groups over past comments. president obama said as much on "meet the press." this from max cleland. i understand his nomination is back on the table and i believe very strongly...
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they will deliver recommendations to curb gun violence to president obama by tuesday. we learned that deadline. the president created this panel last month after 20 children were shot and killed in newtown, connecticut. i talked not too long ago with the two young boys who live in newtown, and they dumped their video games, straight in the trash can, for me, after attending one of their friends' funerals. >> we feel that it is negatively affecting some of the minds and feelings of the youth of this nation, and we just wanted to change that. >> this movement that you guys have started, this is called played out, choose not to play. i see you have video games next to you. what are you doing with them? >> well, what we're going do with these games is we're going to put them in this container and we're planning to have our local garbage company destroy them. >> all right. stepdad craig, let me ask you, just so i'm clear, this is not something you said to your kids, hey, this is the right thing to do. this is coming from them, right? >> it is coming from them. i think my wi
they will deliver recommendations to curb gun violence to president obama by tuesday. we learned that deadline. the president created this panel last month after 20 children were shot and killed in newtown, connecticut. i talked not too long ago with the two young boys who live in newtown, and they dumped their video games, straight in the trash can, for me, after attending one of their friends' funerals. >> we feel that it is negatively affecting some of the minds and feelings of the...
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when will you meet with president obama? what do you think of president obama? >> translator: god willing, i will plan for this trip. there is no set date yet but it will most likely be before the end of the first quarter of this year. president obama is an elected president by the american people. and he grants the will of the american people by working for the interests of the american people and this is the american people's right in their president. i respect him and i value him. he played an effective and important role in the cease-fire in regard s to gaza. he cooperated with us in a big way. i'm still in constant communication with him. when we meet, there will be a chance to talk about cooperation in different areas like scientific research, manufacturing and production, investments and tourism. >> so you plan on coming to the united states, god willing, in the first quarter of this year, between now and the end of march? >> translator: before the end of the first quarter, god willing, i will visit, as you said i will visit, the united states of america,
when will you meet with president obama? what do you think of president obama? >> translator: god willing, i will plan for this trip. there is no set date yet but it will most likely be before the end of the first quarter of this year. president obama is an elected president by the american people. and he grants the will of the american people by working for the interests of the american people and this is the american people's right in their president. i respect him and i value him. he...
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did you know the gun rights group has even been able to influence obama care. yep. the signature achievement of a president long tied to gun control bears the fingerprints of this ultrapowerful gun lobbying group. our chief medical correspondent dr. sanjay gupta has been looking into this and i must say, this really surprised me. >> they take credit for this, absolutely. the lobbying, the money certainly since sort of 2010 pushing to have some specific provisions put into the affordable care act, it was senator harry reid who ultimately put in. it's not a long provision, just five lines. it doesn't specifically say doctors can't ask patients about guns, but it really prevents any kind of data collection, any research, any making gun questioning part of wellness programs, like you might ask about smoke detectors, swimming pools, other things in the home, so it's a significant provision. the nra will say and we've talked to them, if people doctors know they have guns, could it affect their insurance premiums in the long run even though there's been no history of that
did you know the gun rights group has even been able to influence obama care. yep. the signature achievement of a president long tied to gun control bears the fingerprints of this ultrapowerful gun lobbying group. our chief medical correspondent dr. sanjay gupta has been looking into this and i must say, this really surprised me. >> they take credit for this, absolutely. the lobbying, the money certainly since sort of 2010 pushing to have some specific provisions put into the affordable...
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the obama administration has sort of left that question in the dust. president obama himself has basically called for the nation to move on from that. he decided when he -- >> saying it is old news. >> it is old news. we're not going to hold people accountable for that. we sort of left that conversation in the dust and have gone on to this new conversation which is the conversation about drones. basically the people that we sort of -- that would have once been interrogated really are now under the obama administration and now under john brennan, you know, being eliminated. >> tom junod, i'm sure you'll be watching the confirmation hearings closely as will we. we appreciate it very much. >>> now to this. two big college football teams, both with pretty impressive football pasts, playing for all the glory tonight. you have alabama. you have notre dame. the bcs national championship game tonight, kickoff 8:30 eastern time. one team's past has been better lately, though. the crimson tide is achieving dynasty status in football. alabama looking for its seco
the obama administration has sort of left that question in the dust. president obama himself has basically called for the nation to move on from that. he decided when he -- >> saying it is old news. >> it is old news. we're not going to hold people accountable for that. we sort of left that conversation in the dust and have gone on to this new conversation which is the conversation about drones. basically the people that we sort of -- that would have once been interrogated really...
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bush, and i don't think this is a simple and easy thing. >> why does obama need that. he opposed the war longer than chuck hagel. >> chuck hagel did. same thing with one of the few republican senators. after the war started he began to rethink his view of the world. it's not only about iran. the other thing is that obama wants someone to bring the defense department back into focus. >> is this a smaller foreign policy? >> i think it is. you can completely separate it, wall it off from all considerations about the national debt. chuck hagel doesn't see it that way. he's a lot like dwight eisenhower who drove the defense budget down quite dramatically. he believed america's real power was its fiscal health. >> a lot of fire around hagel has to do with israel and the lack of support for israel. let's listen to what john cornyn said. >> comments with the so-called jewish lobby, which seems to denigrate the efforts of pro-israel individuals, myself included, who view that relationship as a special relationship one that is important to our national security and stability in
bush, and i don't think this is a simple and easy thing. >> why does obama need that. he opposed the war longer than chuck hagel. >> chuck hagel did. same thing with one of the few republican senators. after the war started he began to rethink his view of the world. it's not only about iran. the other thing is that obama wants someone to bring the defense department back into focus. >> is this a smaller foreign policy? >> i think it is. you can completely separate it,...
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then the obama administration, president obama asked robert gates, a republican to be defense secretary. then there was leon panetta. and now another republican, chuck hagel. what's wrong with democrats being defense secretary? >> right. actually, just as an historical footnote, roberts used to be a republican. you know, i think that there's a sort of feeling that each one of these can be justified. i think president clinton and cohen had a good relationship, as does president obama and senator hagel. in gates' instance, that made a lot of sense. so much was going on that you didn't want to have an immediate change in the defense. but that is true, that it looks like democrats always want to appoint republican secretaries of defense. also if you look at the history of the independent councils, they have almost all been republicans. and as a democrat i sometimes get frustrated, too. we can't find an independent council in our own party. i can understand the frustration but the president is entitled to pick who he wants and he thinks hagel is a good guy so it's good enough for me. >> and
then the obama administration, president obama asked robert gates, a republican to be defense secretary. then there was leon panetta. and now another republican, chuck hagel. what's wrong with democrats being defense secretary? >> right. actually, just as an historical footnote, roberts used to be a republican. you know, i think that there's a sort of feeling that each one of these can be justified. i think president clinton and cohen had a good relationship, as does president obama and...
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. >>> now the next step in president obama's big cabinet shakeup. sources tell cnn that the president is likely to nominate republican chuck hagel as defense secretary next week. hagel is a former republican senator from nebraska who retired in 2009. the president explained why he is behind hagel on "meet the press." >> disqualify him -- >> not that i see. i'm served with chuck hagel. i know him. he's a patriot. he is somebody who has done extraordinary work both in the united states senate, somebody who served this country with valor in vietnam. and is somebody who's currently serving on my intelligence advisory board and doing an outstanding job. so i haven't made a decision on this. with respect to the particular comment that you quoted. he apologized for it. >> the president is referring to anti-gay remarks hagel made in the past. remarks that this ad in "the new york times" points out. the ad from the log cabin republicans mentions other criticisms of hagel. he has opposed sanctions again iran. and some say that he's been less than emphatic abo
. >>> now the next step in president obama's big cabinet shakeup. sources tell cnn that the president is likely to nominate republican chuck hagel as defense secretary next week. hagel is a former republican senator from nebraska who retired in 2009. the president explained why he is behind hagel on "meet the press." >> disqualify him -- >> not that i see. i'm served with chuck hagel. i know him. he's a patriot. he is somebody who has done extraordinary work both...
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. >> oh, the perks of being first lady michelle obama is a self-professed downton abbey fan. she could not bear waiting until january 6th for the new season to begin so she asked the british filmmakers for a copy now. she got it. >> stephen: oh, yes, cup cup, fetch me the downtons. now, meanwhile we commoners are left to fear what will become of downton as it lurches it into the roaring '20s, will lord grantham accept labbee cybil's child with branson. will they stay in prison forth murder of his ex-wife. will they accept a marriage proposal from a young corporal hitler? (laughter) so many questions! she knows the answers. but we don't. until the season premier on january 6th. well, tonight folks, i strike back at her highness. by presenting you, my nation, with something not even michelle has seen. part of the show vince gilligan has agreed to let me show you scenes from the upcoming season of breaking bad. (cheers and applause) as performed by the men of downton abbey. (laughter) james? (laughter) thomas? >> lord grantham is growing impatient. it's time to start. >> right y
. >> oh, the perks of being first lady michelle obama is a self-professed downton abbey fan. she could not bear waiting until january 6th for the new season to begin so she asked the british filmmakers for a copy now. she got it. >> stephen: oh, yes, cup cup, fetch me the downtons. now, meanwhile we commoners are left to fear what will become of downton as it lurches it into the roaring '20s, will lord grantham accept labbee cybil's child with branson. will they stay in prison forth...
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let's live to president obama talk about his personal experience of student debit. check this out i'm the president of the united states. we just finished paying off our student loans eight years ago. that wasn't that long ago. >> jennifer: now you predicted that that's a huge opportunity for the president in his second term. what should he do for americans who are buryied under student loan debt. >> he has done more on student loans than any other issue. i'm not saying that in jest. there's so much that he has done. i would say the most important thing he could do is something that he has scratched the surface of, he has engaged the consumer protection bureau making sure that students and families have accurate information when they apply to college. that gets to the heart of the real issue governor. what you have happening is you have a lot of students who graduate with let's say $50,000 $100,000 of debit because the college they applied to had in their materials that we have 98% employment rate. but what they don't say they're working at watt there's waitresses,
let's live to president obama talk about his personal experience of student debit. check this out i'm the president of the united states. we just finished paying off our student loans eight years ago. that wasn't that long ago. >> jennifer: now you predicted that that's a huge opportunity for the president in his second term. what should he do for americans who are buryied under student loan debt. >> he has done more on student loans than any other issue. i'm not saying that in...
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tonight in "the war room," president obama nominates a republican war hero for defense secretary, and republicans say they don't like it. honestly, what is wrong with these people? [♪ theme music ♪] >> jennifer: today the president nominated normer nebraska senator, chuck hagel for defense secretary so he would be the first enlisted soldier to leave the department. and also the first vietnam department. he has gotten endorsements from colon powell robert gates, tom ridge, but the other defining element of his resume? he's a republican. >> finally chuck represents the bipartisan tradition that we need more of in washington. for his independence he has earned the respect of military leaders, republicans and democrats, including me. >> jennifer: he would be the second appointed cabinet member. and not since president kennedy have there been that many republican in a democratic administration. but listen to this. >> i know chuck hagel. he is an honorable man, but he is profoundly wrong. it is pretty clear that chuck hagel has left the republican party when he endorsed president presid
tonight in "the war room," president obama nominates a republican war hero for defense secretary, and republicans say they don't like it. honestly, what is wrong with these people? [♪ theme music ♪] >> jennifer: today the president nominated normer nebraska senator, chuck hagel for defense secretary so he would be the first enlisted soldier to leave the department. and also the first vietnam department. he has gotten endorsements from colon powell robert gates, tom ridge,...
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they don't believe that obama's actually president. i want to tell mccain and lindsey graham that he's the best president we've ever had, ever. so that's all i wanted to say. >> kristin i thank you for the call. i have to tell you, i agree with you. like ithey say haters are going to hate. it's just that simple. players are going to play. i think obama, he is playing here but i think kristin brings up a good point. most people, a lot of democrats, you know, they like chuck hagel. there are some in the progressive camp who have a problem because of his comments about the lgbt community. >> that's understandable. and i hear them loud and clear. but, you know, most people like chuck hagel. >> he apologized for those comments and reached out to the community. at least he did sort of recognize that he was -- he had, you know, made an error in judgment there and he shouldn't have made those comments. i think that, you know, certainly there is an interesting point that was just raised about the reluctance of republicans to just accept the fac
they don't believe that obama's actually president. i want to tell mccain and lindsey graham that he's the best president we've ever had, ever. so that's all i wanted to say. >> kristin i thank you for the call. i have to tell you, i agree with you. like ithey say haters are going to hate. it's just that simple. players are going to play. i think obama, he is playing here but i think kristin brings up a good point. most people, a lot of democrats, you know, they like chuck hagel. there...
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and the debt that obama is running out. we can give the president a month of debt ceiling increase or six months or year. then you have the continuing resolutions. because the democrats have not passed the budget or written a budget in more than three years, we have a continued resolution. beyond your points are very good. thank you. neil: they say no deed goes unpunished. did you hear about aig? it just keeps on suing. hey, travis... get some friends, loser! so, are you all right, man? ♪ lean on me, thanks. ♪ when you're not strong, and i'll be your friend. ♪ ♪ i'll help you carry on... ♪ úúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúú carry on... ♪ ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. neil: after saying thank you, how about saying ssrew you? that is what aig is doing. the company appears to be g
and the debt that obama is running out. we can give the president a month of debt ceiling increase or six months or year. then you have the continuing resolutions. because the democrats have not passed the budget or written a budget in more than three years, we have a continued resolution. beyond your points are very good. thank you. neil: they say no deed goes unpunished. did you hear about aig? it just keeps on suing. hey, travis... get some friends, loser! so, are you all right, man? ♪...
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the obama administration. john: he has rejected more freedom of information act requests than bush. >> also prosecuted more whistle-blowers including as by simply because they blew the whistle on software boondoggles and someone. obama is the worst threat comes to transparency ever. we know from their behavior is their hiding things that desperately don't want us to seek. now, -- john: maybe you're a busy body, the political enemy in the dow what you'd have this stuff. i don't blame them. >> i'm paying for the microphone. i didn't ask whether they wanted me to see it. these in my records unless the burden is on them and they can provide can't. what they're doing is telling us things that aren't true, finding it increasingly according to their e-mails. john: the e-mails told us about solyndra and the people who gave money who were getting it bck. >> you wanted it, needed it, they don't want us to see what's going on until a carbon tax is enacted, for example. john: the apartment of justice was running an activi
the obama administration. john: he has rejected more freedom of information act requests than bush. >> also prosecuted more whistle-blowers including as by simply because they blew the whistle on software boondoggles and someone. obama is the worst threat comes to transparency ever. we know from their behavior is their hiding things that desperately don't want us to seek. now, -- john: maybe you're a busy body, the political enemy in the dow what you'd have this stuff. i don't blame them....
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because obama loves to penalize the makers and redistribute to the takers. it gets wrse. on and on andon. my prediction here is there is no attempt to curb federal spending, we will have to raise tas again and again and again on me and everybody else. that's going to be the new normal cong up, we are not just dealing with the federal tax hike. most american side and the paychecks. what about state and local taxes. what to expect. more on today's not so hot jobs report. will this be the ammution republicans need in their debt ceiling fight? coming up next. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and iestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking cha
because obama loves to penalize the makers and redistribute to the takers. it gets wrse. on and on andon. my prediction here is there is no attempt to curb federal spending, we will have to raise tas again and again and again on me and everybody else. that's going to be the new normal cong up, we are not just dealing with the federal tax hike. most american side and the paychecks. what about state and local taxes. what to expect. more on today's not so hot jobs report. will this be the...
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so far we haven't seen that. >> president obama is responsible for the governme. what would you have him do? >> we need to have a strong proposal. >> there only for programs that count anymore. defense and social security and health care. lou: david weise, thank you so much for being with us. up next, a new york executive takes on the aw and an overbearing use of the newspape. we will be talking about the putnam county fiasco max. and arizona's tom horne with a plan to keep arizona kid ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of byte of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell hashe technology and services to help you solve it. lou: congress barely two day old. members already introducing 10 bills. democrats once wishing for gun restrictions. mayor thomas marino is hoping that president obama will sign gun-control into law this month. meanwhile, the illinois lawmakers arguing about gun rights and gun rights
so far we haven't seen that. >> president obama is responsible for the governme. what would you have him do? >> we need to have a strong proposal. >> there only for programs that count anymore. defense and social security and health care. lou: david weise, thank you so much for being with us. up next, a new york executive takes on the aw and an overbearing use of the newspape. we will be talking about the putnam county fiasco max. and arizona's tom horne with a plan to keep...
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so far we haven't seen that. >> president obama is responsible for the government. what would you have him do? >> we need to have a strong proposal. >> there only for programs that count anymore. defense and social security and health care. lou: david weise, thank you so much for being with us. up next, a new york executive takes on the aw and an overbearing use of the newspape. we will be talking about the putnam county fiasco max. and arizona's tom horne with a plan to keep arizona kids safe in school. coming up next [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better ace to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any qstions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with eve
so far we haven't seen that. >> president obama is responsible for the government. what would you have him do? >> we need to have a strong proposal. >> there only for programs that count anymore. defense and social security and health care. lou: david weise, thank you so much for being with us. up next, a new york executive takes on the aw and an overbearing use of the newspape. we will be talking about the putnam county fiasco max. and arizona's tom horne with a plan to keep...
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because obama loves to penalize the makers and redistribute to the takers. it gets worse. on and andon. my prediction here is there is no attempt to curb federal spending, will have to raise taxes again and again and again on me and everybody else. that's going to be the new normal cong up, we are not just dealing with the federal tax hike. most american side and the paychecks. what about state and local taxes. what to expect. more on today's not so hot jobs report. will this be the ammution republicans need in their debt ceiling fight? coming up next. you know how painful heartburn can be. f fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. everything you can fit vo: in this bag is 20% off. saving 20% on everything your company needs. it's a big deal. check your december 30th sunday paper or print the coupon at officemax.com. ♪ duty as a new york, here again is gerri willis.
because obama loves to penalize the makers and redistribute to the takers. it gets worse. on and andon. my prediction here is there is no attempt to curb federal spending, will have to raise taxes again and again and again on me and everybody else. that's going to be the new normal cong up, we are not just dealing with the federal tax hike. most american side and the paychecks. what about state and local taxes. what to expect. more on today's not so hot jobs report. will this be the ammution...
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good call. ♪ lou: praise from president obama does not go very far. at least for one north carolina furniture company. this was the president one year ago. >> these are ceos to take pride in hiring people here in america. manufacture of furniture in north carolina for five generations. he came home and started a new company. it operates out of the old family factories that had been shut down. even rehire many of the former workers from his family business lou: that was then, this is now. closing its doors this week. they laid off 50 employees. a company official said this simply were not getting enough furniture orders. and the sex story may be e of the weirdest of the week, perhaps the year. new york jets coach rex ryan recently photographed while on vacation with somthing of a surprising tattooed. it appears to be attached to, and if you can tell what is their you're doing better than me. there she is, of his wife wearing only a green jersey with mark sanchez number six on a. she appears to be inopposed by tim tebow, a collision of concepts even
good call. ♪ lou: praise from president obama does not go very far. at least for one north carolina furniture company. this was the president one year ago. >> these are ceos to take pride in hiring people here in america. manufacture of furniture in north carolina for five generations. he came home and started a new company. it operates out of the old family factories that had been shut down. even rehire many of the former workers from his family business lou: that was then, this is...
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and obama and the constitution. the second amendment is under assault. will the president get away with it? peter johnson joins us next. this happy couple used capital one venture miles for their "destination wedding." double miles you can "actually" use. but with those single mile travel cards... [ bridesmaid ] blacked out... but i'm a bridesmaid. oh! "x" marks the spot she'll never sit. but i bought a dress! a toast... ...to the capital one venture card. fly any airline, any flight, anytime. double miles you can actually use. what a coincidence? what's in your wallet? [ all screaming ] watch the elbows ladies. i honestly loved smoking, and i honestly didn't think i would ever it. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of
and obama and the constitution. the second amendment is under assault. will the president get away with it? peter johnson joins us next. this happy couple used capital one venture miles for their "destination wedding." double miles you can "actually" use. but with those single mile travel cards... [ bridesmaid ] blacked out... but i'm a bridesmaid. oh! "x" marks the spot she'll never sit. but i bought a dress! a toast... ...to the capital one venture card. fly any...
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because obama loves to penalize the makers and redistribute to the takers. it gets worse. on and on and on. my prediction here is there is no attempt to curb federal spending, we will have to raise taxes again and again and again on me and everybody else. that's going to be the new normal. coming up, we are not just dealing with the federal tax hike. most american side and the paychecks. what about state and local taxes. what to expect. more on today's not so hot jobs report. will this be the ammunition republicans need in their debt ceiling fight? coming up next. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male annououncer ] e pill eachmorning. 24 hours. zero heartbur ♪ duty as a new york, here again is gerri willis. >> i want to bring you the latest developments. the 15 year old pakistan the girl shot in the head by the taliban has been released from a british hospital
because obama loves to penalize the makers and redistribute to the takers. it gets worse. on and on and on. my prediction here is there is no attempt to curb federal spending, we will have to raise taxes again and again and again on me and everybody else. that's going to be the new normal. coming up, we are not just dealing with the federal tax hike. most american side and the paychecks. what about state and local taxes. what to expect. more on today's not so hot jobs report. will this be the...
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another obama ultimatum. the imperious president unrelenting in his spending plans and habits. >> o thing i will not compromise over is whether or not congress should pay the tab for a bill that have already racked up. congress refuses to give the as is the ability to pay bills on time, the consequences for the entire global economy to be catastrophic. >> the president does not want congress to slow down his free-spending ways. former cbo director douglas will seek an joins us next. ♪ ♪ lou: joiningme now, former director of the congressional budget office, president of the american action form, but this will secant joining us tonight from washington d.c. good to have you with this. we have hit the debt ceiling, so says the treasury secretary. i'm not sure where we are. is that right? every actually hit it? is the treasury secrery's speaking metaphocally in some way? >> well, running close to the limit and then the secretary of the treasury begins takng money from different friends inside the government.
another obama ultimatum. the imperious president unrelenting in his spending plans and habits. >> o thing i will not compromise over is whether or not congress should pay the tab for a bill that have already racked up. congress refuses to give the as is the ability to pay bills on time, the consequences for the entire global economy to be catastrophic. >> the president does not want congress to slow down his free-spending ways. former cbo director douglas will seek an joins us next....
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obama didn't take from the ridge. rich. everybody feels like they have been betrayed. 77% is probably a lot higher and i think that the democrats are as upset as republicans are. lou: many think it was a 2% tax hike right off the bat. after all the flowery language about how they are going to protect the middle class. that's your fair share for this week, we will see what it is later. now, gun control. coming after the second amendment rights for every american. despite the president saying that he would not protest. is there anything that this administration will not press going forward? >> this administration will say one thing and are exactly the opposite. the congress doesn't have the courage to do anything. >> but he said he was going to do this. he is telling people to wait until my second term when i can do whatever i want, and that is what we are seeing right out of the gate two i just want to go to one second. it struck me this week that somebody earning $50,000, they are looking at exactly $1000 less than their pa
obama didn't take from the ridge. rich. everybody feels like they have been betrayed. 77% is probably a lot higher and i think that the democrats are as upset as republicans are. lou: many think it was a 2% tax hike right off the bat. after all the flowery language about how they are going to protect the middle class. that's your fair share for this week, we will see what it is later. now, gun control. coming after the second amendment rights for every american. despite the president saying...
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new dialogue on gun-control and then in the same breath to the same folks says, you know, president obama is going to use an executive order to ban all lot of guns himself. a democratic house leader, elected last president for trying to bypass congress happily pushing the 14th amendment so that this president can bypass congress. a president who talks shares sacrifice, but 40 times more tax hikes. republicans say we will stand on principle but happily fold like cheap suits. democrats to say the time for talk is over but then say addressing runaway entitlement spending is off the table. talk is cheap. breaking promises is cheaper for. doing both in little more than a week, remarkable. i'm not the youth to say i am stunned that those in power often say one thing and do a power -- do another. it is almost as if they don't care how brazenly sound -- funny face down and disingenuous they are. ♪ ♪ gerri: hello, everybody. i'm gerri willis. our video games -- are video games to blame for gun violence in this country? vice-president continuing his week-on meetings at the white house seeking w
new dialogue on gun-control and then in the same breath to the same folks says, you know, president obama is going to use an executive order to ban all lot of guns himself. a democratic house leader, elected last president for trying to bypass congress happily pushing the 14th amendment so that this president can bypass congress. a president who talks shares sacrifice, but 40 times more tax hikes. republicans say we will stand on principle but happily fold like cheap suits. democrats to say the...
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president obama is in charge. if you will blame people for not doing what you want over the past four years it has to be the democrats and the president? >> well i would think the house republicans could beg to differ with that. they seem to think they have a lot of power. melissa: no, they don't. i don't think a single republican would come on and tell you they would feel like they're in power right now. >> seems the president who campaigned on the whole idea that taxes should not, should not be maintained at a lower rate for people over $250,000 a year, he lost that battle. and why did he lose that battle? because house republicans didn't want to see taxes increased on anybody at all. so clearly they do have some power and clearly the president is not totally getting his way. melissa: republicans didn't want to see taxes raised on any one at all and democrats won as of this week, 77% of the population saw their taxes go up. they saw their paychecks go down. everybody who got a paycheck today went because it was
president obama is in charge. if you will blame people for not doing what you want over the past four years it has to be the democrats and the president? >> well i would think the house republicans could beg to differ with that. they seem to think they have a lot of power. melissa: no, they don't. i don't think a single republican would come on and tell you they would feel like they're in power right now. >> seems the president who campaigned on the whole idea that taxes should not,...
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[laughter] he says i will not give you money because obama is screwing me? >> that is the hardest job ever. >> that is what he wants to stop feeding into the private economy and more dependent on the government venda waitress needs a government program. if i attract every expense. gerri:. melissa: you are a financial planner? [laughter] i spend as much per year on tips as might payroll tax increase with the fiscal cliff. >> he is not only as smart as i am the key is cheap. >>
[laughter] he says i will not give you money because obama is screwing me? >> that is the hardest job ever. >> that is what he wants to stop feeding into the private economy and more dependent on the government venda waitress needs a government program. if i attract every expense. gerri:. melissa: you are a financial planner? [laughter] i spend as much per year on tips as might payroll tax increase with the fiscal cliff. >> he is not only as smart as i am the key is cheap....
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fresh criticism of the obama administration shaping up. details after the break. ♪ ♪ with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male annouer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare suppleme
fresh criticism of the obama administration shaping up. details after the break. ♪ ♪ with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male annouer ] the spark business card from capital one. choose unlimited rewards with 2% cash back...
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this was the week that barack obama came in peace to rip our constitution to pieces. welcome, everybody, i'm neil cavuto, and i know, i know, i know what you're thinking, neil's lost. you might be right on that, but i know i'm not wrong, not one bit. now, again, i know that sounds mad, but a lot of folks are mad, very mad at a president increasingly willing to bypass congress and bypass something else, the constitution, to get what he wants whenever he wants it and get it fast. just read this week's i'll call 'em takeover tea leaves. vice president joe biden saying the president is exploring executive orders to combat gun violence to, essentially, confiscate guns. the second amendment be damned. the same president we're told now considering executive actions to enact climate change measures, those opposed be damned. and timely to this whole debt debate going on in washington, the same president who supported saying the constitution allows him to raise the debt ceiling on his own, again, congress be damned. add it up, i'm telling you, barack obama is doubling down. and
this was the week that barack obama came in peace to rip our constitution to pieces. welcome, everybody, i'm neil cavuto, and i know, i know, i know what you're thinking, neil's lost. you might be right on that, but i know i'm not wrong, not one bit. now, again, i know that sounds mad, but a lot of folks are mad, very mad at a president increasingly willing to bypass congress and bypass something else, the constitution, to get what he wants whenever he wants it and get it fast. just read this...
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fresh criticism of the obama administration shaping up. details after the break. ♪ ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you ang, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legaplan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. nothing. are you stealing our daughter's school supplies and taking them to work
fresh criticism of the obama administration shaping up. details after the break. ♪ ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like...
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the obama administration says you have got to do that. they are abandoning the separation of church and state in that instance, but applying it in the instance of sandy. >> you are exactly right. they have given this supposed exemption, but they've said it is only an exemption for houses of worship. but a catholic or a christian or a jewish or a muslim hospital must abide and there is no exception whatsoever. that is -- and not only what they've done, this is fascinating i think, stuart, they have redefined what a religious organization is. they said no, we absolutely respect freedom of conscience, but we're going to define a religious organization basically as a church. what about a hospital? what about a school? in other words, keep your religion inside of a church. don't bring it out because that's not a religious organization. stuart: do you think that the president is hostile to religion? >> i think he's confused on this issue. stuart: confused? >> yes. stuart: you wouldn't go so far as to say hostile? >> i'm not going to judge his s
the obama administration says you have got to do that. they are abandoning the separation of church and state in that instance, but applying it in the instance of sandy. >> you are exactly right. they have given this supposed exemption, but they've said it is only an exemption for houses of worship. but a catholic or a christian or a jewish or a muslim hospital must abide and there is no exception whatsoever. that is -- and not only what they've done, this is fascinating i think, stuart,...
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of course they're going to vote for obama. stuart: wait a second, wait a second, are young people just not-- just don't understand they need a job when they're out of college and that this administration isn't going it give them one? or is this generation saying, i'm going to vote for the guy who's going to forgive my student debt? is that it? >> no, well, the thing is we need to be articulating that message of course they want a job. young people don't want to be moving back into their parent's basements after college. they're going to college to get a job. the thing was romney wasn't articulating on college campuses, he was never on college campuses attacking obama on this stuff. like he should have been on college campuses. if obama is going to be on college campuses talking how you can stay on your parents health care plan until you're 26. romney should say if you're on your parent's plan until you're 26 you're going to be unemployed or underemployed because obamacare incentivizes businesses or requires businesses to provi
of course they're going to vote for obama. stuart: wait a second, wait a second, are young people just not-- just don't understand they need a job when they're out of college and that this administration isn't going it give them one? or is this generation saying, i'm going to vote for the guy who's going to forgive my student debt? is that it? >> no, well, the thing is we need to be articulating that message of course they want a job. young people don't want to be moving back into their...
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cheryl: president obama announced his pick for secretary of defense. former republican senator chuck hagel, and there could be some opposition. >> rich edson has more from the white house. rich: there are some who have supported. many will wait and see how the confirmation hearing process plays out. the administration is nominating a person, or military war veteran, th vietnam war veteran. republicans they say those in opposition perhaps some lack of support for israel, one saying he is not a senator from israel, he voted against the iran sanctions and opposed the iraq surge. coming down to where we are in washington is all about spending and military spending. spew his nose as we make tough fiscal choices we have to do so wisely. guided by our strategy and keep the military the strongest we have ever known. speed would have to know all options on the table to restore the fiscal health but we sure can't walk away from the table when it comes to our number one responsibilities of the federal government, that is keep the american people safe. rich:this i
cheryl: president obama announced his pick for secretary of defense. former republican senator chuck hagel, and there could be some opposition. >> rich edson has more from the white house. rich: there are some who have supported. many will wait and see how the confirmation hearing process plays out. the administration is nominating a person, or military war veteran, th vietnam war veteran. republicans they say those in opposition perhaps some lack of support for israel, one saying he is...
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now, i can't say this is a new thing that obama did. they've always done this and maybe the worst was teddy roosevelt and signed an order, a spelling order, enough to be spelled e-n-u-f. >> and congress overruled it, but nixon wage and price controls, jfk created the peace corps with an executive order. bush the war in iraq, stop stem cell research money, they've always done this stuff. stuart: i think the president will win on this issue, there is a clamor on the part of the public, do something. >> do something that won't help. stuart: nobody is sure what will work and what we should do, but there's a clamor to do something and the president is going to run against an ineffectual congress, an approval rating below that of a cockroach. he's on to a winner with this thing, i can't see how an executive order would be reversed or rejected. i think's going to win. >> it's intuitive reaction, we keep passing more laws, and the recovery a slower, the burden of laws, nobody knows what they are. stuart: one of the best props you've used on you
now, i can't say this is a new thing that obama did. they've always done this and maybe the worst was teddy roosevelt and signed an order, a spelling order, enough to be spelled e-n-u-f. >> and congress overruled it, but nixon wage and price controls, jfk created the peace corps with an executive order. bush the war in iraq, stop stem cell research money, they've always done this stuff. stuart: i think the president will win on this issue, there is a clamor on the part of the public, do...
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president obama bought t but tos picks for treasury secretary. plus, what the nominations mean for the market. melissa: and good news for the gas market. lori: if you build it, the jobs will come. creating jobs in the small town, we're pleased to have the mayor join us with his story in minutes. melissa: very cool. lori: time for a market check. let's head down to the floor the new york stock exchange, giving back earlier gains. nicole: that is true. we have been pushed around a little bit, even moved into negative territory but the move to the upside and getting some of the moves to the upside with the gains we are seeing, dow jones industrials up 34 points, the bank stocks are looking little better and that is one of the reasons we have had the turnaround. drug stocks doing good. the dollar continues to drop. as the dollar is dropping that gives room for the commodities and equities to move higher. i wanted to take a look at a name that is making news and that is molly corporation. rare earth is something that has the demand they have seen is d
president obama bought t but tos picks for treasury secretary. plus, what the nominations mean for the market. melissa: and good news for the gas market. lori: if you build it, the jobs will come. creating jobs in the small town, we're pleased to have the mayor join us with his story in minutes. melissa: very cool. lori: time for a market check. let's head down to the floor the new york stock exchange, giving back earlier gains. nicole: that is true. we have been pushed around a little bit,...
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the simple fact that obama campaigned on it. he campaigned on a balanced approach. he got it. he got his tax hike. it is time to close the books on that. and what he now must deliver is the balance to his balanced approach in the form of spending cuts. that is why i am cautiously optimistic we will have some progress on that. ashley: you know, that is interesting because during the tax hike debate there was a theory, and it was, you know, said a lot, but the gop by giving in on the tax hikes for the fiscal cliff would actually have leverage on the debt ceiling. i don't see where the gop has leverage at all? >> let's take a step back here and think about what the debt limit is really all about. i think the debt limit is a necessary control to spending and borrowing in this country. what it is is an opportunity, if not a requirement and a requisite for congress and really the american people to sit down and look in a very transparent and forward-looking way whether federal policies are sustainable and affordable. no one can argue that they are. we're in our fifth year, probably
the simple fact that obama campaigned on it. he campaigned on a balanced approach. he got it. he got his tax hike. it is time to close the books on that. and what he now must deliver is the balance to his balanced approach in the form of spending cuts. that is why i am cautiously optimistic we will have some progress on that. ashley: you know, that is interesting because during the tax hike debate there was a theory, and it was, you know, said a lot, but the gop by giving in on the tax hikes...